Month: February 2016

Global Precision Farming market accounted for $2.81 billion in 2014 and is expected to grow at a CAGR of 12.5% to reach $6.43 billion by 2022. The market is expected to benefit from promising market investments that are lifting the standards of agriculture, which offer high yields and profits. Growing demand for food is pushing the growers to adopt precision farming techniques and optimize their resources efficiently with minimum wastages. Factors such as high initial investment costs, lack of technological skills, and reluctance to adopt the latest technologies for farming practices are inhibiting the market.

The increasing eminence of telematics technologies is expected to fuel the market growth during the forecast period. Government interventions and energy & cost efficiency are the driving factors for the global market. Huge economic development and growing population in Asia Pacific are the major factors responsible for market growth in this region.

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Global M-Commerce market is accounted for $155.9 billion in 2015 and is poised to reach $1,067.1 billion by 2022 growing at a CAGR of 31.6% during the forecast period. The major driving factors for M-Commerce market are escalating adoption of smart devices, improved broadband connectivity, cheaper services, etc. M-Commerce service providers are facing challenges in terms of reliance on internet networks, monetization of user base, and severe competition. North America and Europe are estimated to be the biggest markets in terms of revenue, while Asia-Pacific and Middle East are projected to experience amplified market traction, during the forecast period.

Some of the key players in the global M-Commerce market are Visa, Walmart, The Home Depot, Amazon.com, Apple, eBay, Google, Lowe’s Companies, MasterCard, Ericsson, Gemalto, Mopay, Oxygen8, SAP and PayPal.

Devices covered:

Smartphones

Tablets

End-Use sectors covered:

Retail/Service sector

Financial service sector

Telecommunication sector

IT sector

Others

Transaction Types covered:

Mobile Banking

M billing

M booking

M Retailing

M-Wallet

Others

Regions covered:

– North America

US

Canada

Mexico

– Europe

Germany

France

Italy

UK

Spain

Rest of Europe

– Asia Pacific

Japan

China

India

Australia

New Zealand

Rest of Asia Pacific

– Rest of the World

Middle East

Brazil

Argentina

South Africa

Egypt

What our report offers:

Market share assessments for the regional and country level segments

Market share analysis of the top industry players

Strategic recommendations for the new entrants

Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets

Market Research Reports, Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Global Smartphone market is poised to grow at a CAGR of 15.8% during the forecast period. Rising income levels, shift from 3G to 4G, augmented corporate acceptance of smartphones and gains experienced in emerging markets such as Asia pacific and MEA are some of the key factors fueling the market growth. Future growth of the market is driven by falling prices of smartphones. Asia pacific represents largest as well as fastest growing markets in the world. China and India continue to represent major markets for premium as well as low cost smartphones.

Samsung, Apple, Lenovo, Huawei and Xiomi are the top five players in this market. Android commanded the market with more than 80% share in 2015 Q2. Samsung confessed its global leadership with an improved focus on lesser-cost smartphones. It retained its leadership in the worldwide smartphone market with approximately 20% share in 2015 Q2. Apple enjoyed success owing to consumers unquenchable appetite for the larger screened iOS devices. Xiaomi ousted LG to achieve a mark in the top five categories. Launch of the Redmi 2A model in China was the key to its success, as well as the persistent performance of the Redmi 2 and MI-4 models.

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Global Cloud Computing Market is accounted for $103.35 billion in 2015 and is poised to reach $512.81 billion by 2022 growing at a CAGR of 25.7% during the forecast period. The factors that are influencing the market growth include, on demand scalability, business continuity, agility and cost savings where as factors such as security, compliance, interoperability, and privacy are inhibiting the growth of cloud computing market.

SaaS is the largest segment of cloud computing market. Hybrid cloud will have the utmost adoption rate and compound annual growth rate in the intermediate term. Amazon, one of the top public cloud providers has decreased the cost of its public cloud services around 40 times in the last six years alone owing to the rising rivalry and virtuous cycle.

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Global Cloud Security Software Market is growing at a CAGR of 39.9% during the forecast period 2015 to 2022. Raise in the data breaches in organizations ensuring in profound losses and increasing cyber-attacks are some of the key factors driving the market growth. On the other hand, lack of awareness and cynical nature of enterprises towards cloud services are inhibiting the growth of cloud security market. Rising demand for integrated security suites is one of the key trends in the cloud security market.

One key trend upcoming in the market is the shared agreement between cloud service providers and security solution providers. With around 50% of enterprise application spending in 2014 going to SaaS, and with susceptible data a bulky component of the information used and stored there, organizations will open their reserves to enhance expenses on protections for SaaS.

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The ruling People’s Action Party (PAP) capitalised on positive sentiment amid Singapore’s 50th anniversary to put in an extremely strong performance in September’s parliamentary elections, capturing 69.9% of the popular vote. However, we expect the party to broadly retain its policy strategy adopted in 2011, as its more consultative approach to governance appears to have paid significant dividends.

Singapore’s ongoing restructuring drive continues, with the PAP pushing ahead with stricter foreign labour rules despite an increasingly tight labour market. We believe that the tight labour market is acting as a significant headwind to real GDP growth, but do not see the PAP easing measures in any significant way despite its landslide victory in September’s parliamentary elections.

Major Forecast Changes

Following a deceleration in real GDP growth to 2.2% in 2015, we believe that the economy will cool further to a 1.9% rate of expansion in 2016. Singapore’s labour-intensive manufacturing industry is losing competitiveness as a result of an extremely tight labour market; along with a difficult external environment, this will cap growth over the near-term.

Spain’s economy will remain among the fastest growing in the eurozone in 2016, in spite of the country’s ongoing political impasse. Tailwinds from cheap oil and the European Central Bank’s quantitative easing programme will support short-term growth, but will act as a disincentive for politicians to implement the structural reforms needed to boost long-term growth. Spain’s current account surplus has peaked and will shrink over the coming years, returning to deficit in around 2020.

Already unrealistic budget deficit targets will move further out of reach once a new government is (eventually) formed in Spain. Spain is set for a period of high political instability, as the December 20 election produced no clear winner and left Spain with an extremely divided political system.

Major Forecast Changes

A further leg down in oil prices (oil dipped below USD30/bbl in January 2016) has prompted us to revise up our real GDP forecasts to 2.5% in 2016 and 2.2% the following year, from 2.4% and 2.1% previously.

Given that the Sri Lankan economy is relatively small and open, the administration’s balanced and pragmatic approach towards ethnic reconciliation on the island and foreign relations will be positive for growth over the medium- to long term. However, we believe that there will be several key challenges which will inhibit progress over the near term.

The Central Bank of Sri Lanka (CBSL) is likely to keep its policy rates on hold over the coming months with a tightening bias in order to manage the cost of refinancing for public debt, ensure price stability, and down play the risk of a balance of payment crisis.

Major Forecast Changes

Despite a likely recovery in the industrial sector over the coming quarters, we expect the Sri Lankan economy to face mounting headwinds from a difficult global economic outlook, a high fiscal deficit, and rising risks of a BoP crisis. As such, we have downgraded Sri Lanka’s real GDP growth forecast for 2016 to 6.3%, from 6.7% previously, a stabilisation of growth in the economy (with growth estimated to come in at 6.2% in 2015).

We are bearish on the Sri Lankan rupee and expect the currency to depreciate further to LKR152.00/USD by end-2016 (versus our previous forecast of LKR148.00/USD) due to persistent external headwinds, global economic uncertainties, rising inflationary pressure, and elevated levels of public indebtedness.

We are bearish on Sri Lanka’s fixed income market in 2016 as the central bank could be forced to raise interest rates to prevent a balance of payments crisis. Meanwhile, due to higher budget expenditures and a less optimistic revenue growth outlook, we now forecast a budget deficit equivalent to 6.3% of GDP (up from our previous forecast of 5.8%), which will exert upside pressures on sovereign bond yields.

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Albania will remain attached to a relatively low growth trajectory over the coming years, amid subdued exports and government fiscal consolidation efforts.

More efforts need to be made to implement structural reforms aimed at tackling corruption and improving labour market flexibility, if Albania is to have any hope of converging with historically more developed regional peers.

Albania’s large and entrenched trade balance shortfall will ensure that the country’s current account remains firmly in deficit over the coming years.

Uncertainty in neighbouring Greece after the country’s debt crisis will increase the scope for regional instability. It will also weigh on demand for Albanian exports to Greece and remittances inflows from Albanian workers based in Greece.

Real GDP growth is highly likely to slow over the coming years owing to a number of factors: slowing growth in the working age population; a high share of government spending relative to GDP; and a reversal in the country’s terms of trade; and the growing risk of deflation. These impediments will result in real GDP growth averaging 2.3% over the next decade, down from 2.9% over the past decade.

The ruling Liberal-National coalition government’s poor political fortunes are improving and gaining momentum, suggesting that it will emerge victorious in the upcoming federal elections, which must be held by January 2017. The coalition’s rise in popularity came about after Malcolm Turnbull took over as Australia’s Prime Minister on September 15 2015, when he ousted Tony Abbott in a snap Liberal party leadership vote. Turnbull is clearly enjoying a ‘bounce’, meaning that polls could still narrow.

We remain bearish on the Australian dollar despite the large fall we have already seen in the currency. While valuations are no longer a headwind to the currency, the trend remains very bearish. Weak economic growth owing to falling investment and correction in the property market amid elevated indebtedness does not bode well for the AUD.

Australia’s fiscal accounts are unlikely to return to a surplus any time soon, given downside risks to revenue collection and a lack of expenditure cutbacks. Total revenue collection will remain poor as the economy continues to weaken, which will weigh heavily on tax receipts. Meanwhile, objections to spending cuts from the public, opposition and crossbench senators as well as other state governments indicate that the Australian government will struggle to keep its expenses and borrowing on a sustainable trajectory. While there is currently no danger of a fiscal crisis, our core view is that this growing burden of the government will undermine the productivity of the private sector and take its toll on economic growth over the medium term.

We expect the Reserve Bank of Australia (RBA) to cut its cash rate by 50bps to 1.50% in 2016 as overall economic growth deteriorates as the unwinding investment boom is compounded by a weakening housing market amid a subdued inflationary environment.

Major Forecast Changes

We maintain our major forecasts as highlighted in our previous Q116 Country Risk Report and we highlight the key risks below.

Although Algeria is now turning to austerity, the country’s remaining fiscal buffers will help to delay a more dramatic fiscal and economic adjustment. However, the next few years will see subdued growth and rising macroeconomic challenges. We forecast real growth to slow to 1.9% this year, down from an annualised 3.3% between 2010 and 2014.

The Algerian dinar will continue to gradually weaken against the US dollar throughout 2016, albeit at a slower pace. Oil prices are not set for a quick recovery, and the trade fundamentals of Algeria’s economy remain bleak – factors that will weigh on the currency. However, the government will be reluctant to permit too great a slide of the dinar as pressures on households rise.

While lower oil prices will put further pressure on the Algerian regime over the coming years, we do not expect a return to the unrest of the late 1980s. The ruling elite will remain successfully in control for the time being, despite the sclerotic state of the economy.

President Abdelaziz Bouteflika’s fragile state of health will intensify the regime’s internal divisions, with rival factions competing against each other in the battle for succession. This will nurture policy paralysis and weaken Algeria’s already-limited pace of political and economic reform. However, whoever ultimately emerges as the next president is highly unlikely to change the structure of the regime or improve the system of governance.

Although the Algerian government has called for more foreign investment into the country, we expect foreign direct investment inflows to remain sparse in the years ahead. Foreign investors will remain deterred by numerous restrictions and Algeria’s weak business climate, and we do not anticipate any comprehensive liberalisation of the economy.

Core Views: As a result of ongoing political violence, a significant degree of productive capacity (both physical and human) throughout the Libyan economy has been lost. Roads, housing and utilities infrastructure have suffered considerable damage and will take years to repair under even the most stable of political environments. Moreover, given the importance of the hydrocarbons industry, damage to oil production and refining infrastructure will pose significant long-term challenges.

Libya’s political and security climate will remain volatile through 2016, as competing militias compete for control over the country’s vast resource wealth.

A lack of institutional capacity will hamper reconstruction efforts. Libya lacks the institutions necessary to carry out much-needed investment projects.

Low oil prices, coupled with protracted political instability, will result in minimal new investment in the oil sector over the coming years.

The economy’s growth potential will depend on three key variables: the speed and scale of oil production; the state of the underlying security environment; and the state of the utilities sector – in particular, the provision of a stable supply of electricity. Rapid growth rates in 2016 result from base effects, and mask key structural weaknesses in the country.

Market Research Reports, Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Report forecast the fantasy sports market in Brazil to grow at a CAGR of 20.74% during the period 2016-2020.

A fantasy sport is a game, which allows participants to create a team made of players of their choice. These participants compete against teams that are owned by other fantasy players. The winning team is determined based on the performance of the selected players in real-world sports. The players engage in a variety of fantasy sports including fantasy football, cricket, baseball, hockey, and golf. The winners of these games are awarded money, gift cards, or other prizes.

The report covers the present scenario and the growth prospects of the fantasy sports market in Brazil for 2016-2020.

According to the report, rapid Internet penetration along with its easy accessibility favors the growth prospects of the market. This has enabled gamers to access fantasy sports websites. Many players consider these websites to be a new form of social networking, where they can connect to others with similar interest in sports. This has accelerated social interaction among online gamers, boosting the market’s growth.

Further, the report states that the popularity of fantasy sports is restricted — many consider it a form of gambling, as it is played online for money.

Fantasy Sports Market in Brazil 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Market Research Reports, Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Report forecast the GCC home automation market to grow at a CAGR of 14.99% during the period 2016-2020.

Home automation involves the deployment of automation technologies, which include HVAC, appliance automation, centralized controls of lighting, security mechanisms, access control for gates and doors, and devices and mechanisms, in a residential facility to enhance comfort, optimize operational costs, and prevent energy wastage.

The report covers the present scenario and the growth prospects of the GCC home automation market for 2016-2020. The report presents revenue generated from Bahrain, Saudi Arabia, Kuwait, Oman, Qatar, and the UAE.

The market is divided into the following segments based on end-users:

Apartment

Villa

According to the report, governments of the GCC countries have introduced legislations such as green building regulations to cut down power consumption. This along with the requirement for ambient pollution, free indoor air, and a secure environment is driving market growth.

Further, the report states that uncertain economic and political environment restricts the market growth.

GCC Home Automation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Market Research Reports, Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Report forecast the LBS market in the GCC to grow at a CAGR of 32.85% during the period 2016-2020.

LBS is used to track the location of users within a wireless network using location-enabled mobile devices. It uses geographical information system (GIS) technology and the Internet to track the location of users. It is used for finding places and routes, tracking, obtaining traffic updates, and real-time directions, finding information about ongoing local events, and location-based advertising and infotainment. Location-based services improve customer support, workforce management, service delivery, and marketing effectiveness.

The report covers the present scenario and the growth prospects of the LBS market in the GCC for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of indoor and outdoor LBS in the GCC countries such as the Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).

The market is divided into the following segments based on usage:

Indoor LBS

Outdoor LBS

According to the report, the adoption of smartphones has increased rapidly among consumers in the GCC, particularly in the UAE and Saudi Arabia. Increasing demand for smartphones is significantly affecting the LBS market. This scenario is leading to the introduction of new smartphone models by OEMs and the development of innovative apps by application developers.

Further, the report states that consumers using LBS expect reliable and accurate real-time information to be provided by LBS providers. However, providing accurate information is a difficult task, and the accuracy in real-time location-based search results is measured by the relevancy of the information provided by search providers.

LBS Market in GCC 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Market Research Reports, Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.